Global Mobile Robot Platforms Markets, 2021

The global mobile robot platforms market to grow at a CAGR of 20.11% during the period 2017-2021.

Global Mobile Robot Platforms Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report focuses on mobile robot platforms that are used for industrial purposes for manufacturing as well as non-manufacturing operations.

The latest trend gaining momentum in the market is Increase in adoption of data analytics. As the market is gaining traction, key vendors in the market are devising strategies to improve the customer experience of end-users adopting mobile robot platforms, by capitalizing on data analytics. Vendors are increasingly incorporating smartphone apps in their service offerings to provide end-users with a platform for attaining critical information about products and services updates. The forecast period will see a proliferation of cloud-based apps for customers and service personnel, to attain alerts about service and replacement requirements.

According to the report, one of the major drivers for this market is Changes in global labor force. Rapid industrialization in developed countries has led to an increase in demand for labor, resulting in an appeciation in the average labor cost and reduction in the availability of skilled workers in sectors such as healthcare, logistics, agriculture, and mining. By 2050, the working age population in the world is expected to decrease, especially in countries such as China and Japan. This trend has triggered an increase in adoption of automation and robotics, thereby requiring less manual labor to oversee operations.

Further, the report states that one of the major factors hindering the growth of this market is High cost of deployment. As mobile robot platforms involve the use of sensors, software, and advanced technologies, they require a large initial one-time payment. The high cost of deployment will be a major impediment to the growth of the market. Also, significant costs are incurred in the modification of infrastructure and facilities. These costs appreciate contingent on factors such as customization and operational requirements, which vary as per the intended use. For instance, if a mobile robot platform is being used as a telepresence solution, there are additional costs involved in functions such as call monitoring and call scheduling.